Turn-Key Duplex in
3712 NW 51st St Lincoln, NE 68524
3712 NW 51st St, Lincoln, NE, 68524
$349,000
For Sale
$349,000
Well-maintained duplex with strong rental performance in northwest Lincoln.
Property Size2,972 SF
Price / SF$117.43
Days on Market233
Property Features for 3712 NW 51st St
General Information
- Standard status
- Active
- Size
- 2,972 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing Agency
Lee & Associates | Lincoln
(402) 430-2318
Listed by
Boomer Peterson · License #NE 20150894
(402) 430-2318
Source
Lee-associates
Added: Nov 26, 2025 Checked: Jul 17 at 7:06 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Lincoln
Investment Insights
Based on property information with market context.
This turn-key duplex is located in the northwest Lincoln submarket. Each side features 4 bedrooms and 2 bathrooms. Each unit provides over 1,470 square feet of living area, including daylight basements. Private yard access, patios, and decks are available for outdoor use. The property's layout and updates are designed to appeal to tenants and minimize maintenance. The property is situated in the Arnold Heights neighborhood of northwest Lincoln, offering convenience and accessibility. Residents have proximity to dining, shopping, and retail amenities, along with access to downtown Lincoln. The property is suitable for investors or owner-occupants seeking income, flexibility, and long-term value. The property offers versatility and performance. Monthly gross rents are $3,200. The property is ideal for investment or live-in/lease-out flexibility.
Key Highlights
- Turn‑key duplex generating a strong $3,200 monthly rental income.
- Each unit boasts 4 bedrooms and 2 bathrooms with over 1,470 square feet.
- Located in the desirable Arnold Heights neighborhood, offering convenient access to amenities and downtown.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $15.00 |
| − Vacancy | −$2.5k | −$0.83 |
| EGI | $42.1k | $14.17 |
| − OpEx | −$12.6k | −$4.25 |
| NOI | $29.5k | $9.92 |
2,972 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.3K
$368.6K – $491.5K
NOI $29,490 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$391.3K
$342.4K – $456.6K
NOI $27,393 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$728.6K
$637.5K – $850.0K
NOI $51,002 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with strong rental performance in northwest Lincoln.
Where is this duplex located?
The property is located at 3712 NW 51st St Lincoln, NE.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Turn‑key duplex generating a strong $3,200 monthly rental income.; Each unit boasts 4 bedrooms and 2 bathrooms with over 1,470 square feet.; Located in the desirable Arnold Heights neighborhood, offering convenient access to amenities and downtown.
